Cotton Prices Plummet, Despite Crude Oil Surge
Update: 2025-12-05
Description
Cotton prices took a hit yesterday, plummeting by thirty to thirty-eight points despite an initial rise. This came as crude oil futures surged and the US dollar index edged up. Export sales data showed a significant slowdown, with only eighty-one thousand, five hundred and thirty running bales of upland cotton sold. Shipments also decreased, reaching a three-week low. An online auction reported ten thousand, seven hundred and fifty-eight bales sold at an average price of fifty-nine point six-six cents per pound. The Cotlook A Index also fell by fifteen points. Despite these setbacks, the Adjusted World Price saw a fifty-one point jump to fifty-one point two-eight cents per pound.
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